Loading ...Newbie Internet Business Series Part 1: the Pro and Cons of Home Based Internet Business
Saturday, August 21st, 2010Newbie Internet Business Series Part 1: the Pro and Cons of Home Based Internet Business
The home based internet business becomes more and more popular either as an alternative occupation or a source of extra income. This newbie internet business series is dedicated to those who just start or those who are considering to start their home based internet business. By reading the series, you will have a better understanding what it is about, avoid the mistakes and take the right path to excel.
The Advantages (the Pro)
• Flexible working hours.
If you have your day job, young children, household to take care of or study to work at, you are still able to do your home based internet business at your convenient time.
• Small capital requirement.
Compared to offline business that requires a lot of money to set up, the home based internet business needs only a small capital to start up.
• Unlimited income potential.
Working for others limit your potential to earn money but home based internet business has unlimited income potential. Many people become millionaires in the internet.
• “Low-cost” labor.
You start your home based internet business by yourself and when it gets bigger, you can seek help from your spouse, teenage children or relatives whom you do not need to pay much.
• Hassle free business.
Many things you need in the internet are done autopilot such as your websites and auto-responders. Some products even allow you to have 6 automated income streams within 24 hours.
• Low overhead expenses.
The home based internet business allows you to work by yourself from the comfort of your own home, you save lots of money from office rental, employee’ salary and travelling costs. Beside computer and internet connection, you hardly need any other machines.
• No face-to-face interaction.
For those who are shy to meet people or have physical challenges are still able to have their own business. People only communicate with your words without facing you personally. You can be in your pyjama or t-shirts and nobody knows. Furthermore, there is no age limitation; you can run the home based internet business at any age.
• Immediate start.
Compare to offline businesses that require a few months to start, the home based internet business allows you to jump in immediately.
• No company requirement.
You do not need to have a company to start your own home based internet business.
• Flexible place to work.
You are mobile when you are in the home based internet business. You can work wherever you desire as long as you bring your laptop and there is an internet connection.
The Disadvantages (the Cons)
• Reliance on high speed internet connection.
When you don’t have high speed computer and internet connection then you waste so much time in front of the computer waiting for your pages to be displayed. Some remote places still face this kind of problem.
• Addiction to work.
Since you work from home, you can be workaholic. Nobody is going to stop you from working 24/7. There is no working time framework. You could neglect your family or household works because you are too consumed with your online business.
• Loneliness.
The home based internet business is a lonely place because you do not interact with people face-to-face.
• No immediate result.
It can be very frustrating because you do not see the money immediately. If you follow the wrong coach or program, you even waste time and money.
• Risks.
You do not know who you are dealing with since you do not face him/her so there is a possibility you could be cheated. Many scams happen in the internet.
• Hard work.
It is a hard work. You need to be willing to spend hours to learn about your products, marketing and customers care.
• Dependence on strong self-drive.
Home based internet business requires high self-discipline and self-motivation. Since you have nobody telling you what to achieve daily you need to create your own agenda and target. If you do not have a strong “why,” you will end up joining the 90% of the people who fail in this business.
Before you embark into a home based internet business, you need to consider these advantages and disadvantages and make the firm decision why you want to get into it. There are consequences you have to pay just like every decision you make. Are you willing to pay the price? Do you have what it takes to succeed in the home based internet business? Find out more.
Starting Home Based Internet Business
Free Website Builder & Wealth Report
www.TessieSetiabudi.com
Tessie is both a Psychologist and HRD Consultant. Born in Indonesia she completed her BA, MA in Psychology from the United States of America and MBA in Training and Development from England. She has lived in the US, Australia, UK and Singapore for over twenty years. Tessie has consulted various organizations in Asia region and made significant contributions for their improvements. With her online business, she is passionate in helping people find financial freedom.
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www.twitter.com – I’ve been an Internet entrepreneur since about 1996. I never really understood Economics, though. Chris B emailed me, to talk to me about an Economics paper he is writing for high school. He wanted to base his paper off of something a little different than what most kids are doing – putting his focus on Internet businesses such as mine. I was only too happy to answer his questions, and help him out! geeks.pirillo.com – http
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